CARLO GAMBINO | 305.467.1677 | cgambino@ellimanforida.

com
For the most discerning buyer, who seeks the spaciousness,
privacy, and multi-level living of a single family home but en-
joys the views, amenities, security, and upkeep-free living of
a luxury condo, this fully-reconstructed 4 bed/7 bath modern
masterpiece offers it all. Designed with the fnest of materials
and custom furnishings, with over 4,500 sq. ft. interior and
1,500 sq. ft. of roof-top terraces, private attached parking, a
bay-front yard, and the most spectacular panoramic views
of Downtown Miami, Miami Beach, and Biscayne Bay, this
townhome provides an idyllic setting for luxurious family living
and truly impressive entertaining. Ideally situated on the Ve-
netian Islands, destinations in Miami Beach and Downtown
Miami are equally and amazingly convenient.
Visit www.venetiantownhouse.com
MLS #M1474705 Recently reduced to $3,295,000.
LISTING OF THE MONTH
1000 Venetian Way - Townhouse #107, Miami Beach
DOUGLAS ELLIMAN FLORIDA
1111 Lincoln Road PH-805, Miami Beach FL 33139 | ellimanforida.com | 305.695.6300
JULY 2011
FEATURED LISTING | MIAMI MARKET REPORT | JULY EXCLUSIVES | IN THE SPOTLIGHT
On the Forefront
On the Forefront
JULY 2011
JUST RELEASED:
THE DOUGLAS ELLIMAN FLORIDA REPORT: MIAMI 2Q 2011
This comprehensive and timely report shows an active resi-
dential market moving ahead in sales, prices and viability
after several down years. The report analyzes regional data
on condos and single-family homes in Miami-Dades coastal
communities and has been expanded to record the different
behaviors of distressed and non-distressed sales.
While distressed properties are still a fact of Florida life, rep-
resenting 54 percent of all sales, (down from 65 per cent of
all sales last quarter, due in part to the robosigning scandal),
there are indications that though prices for all properties are
mixed, they will continue to trend higher in favored areas.

The South Beach submarket is especially notable, with both
closed prices and sales up compared to the prior quarter. In
Miami Beach and Downtown Miami, sales jumped as prices
fell. In North Miami-Dade, prices were mixed while the num-
ber of sales was up sharply. Overall, non- distressed prices
are up 6 to 9 percent.

The large number of all-cash buyers is especially signifcant:
They account for 78 percent of condo distressed sales (pre-
sumably for investment), while in the non-distressed market,
all-cash buyers (mainly looking for second-homes), account
for 71percent of purchases in the high-end condo market.
DOUGLAS ELLIMAN FLORIDA
Vanessa Grout
President/CEO
305.695.6300
vgrout@ellimanforida.com
MILLER SAMUEL INC.
Jonathan J. Miller, CRE, CRP
President/CEO
212.768.8100
jmiller@millersamuel.com
CONTACT:
Click to Download the Printed Report
FEATURED LISTING | MIAMI MARKET REPORT | JULY EXCLUSIVES | IN THE SPOTLIGHT
Most active market in more than
5 years The number of sales jumped
13.5% to 5,577 from 4,913 sales in the
same period last year, the highest level
of activity in more than 5 years.
Non-distressed sales showed year-
over-year gains The median sales price
of a condo and 1 family gained 6% and
9.3% respectively, while their distressed
counterparts declined 7.8% and 13.8%
respectively over the same period.
Nearly 70% of purchases were
all cash The market share of sales
purchased with cash rose over the past
year from 55.8% in the second quarter
of 2010 to 68.1% in the second quarter
this year.
as prices weakened. Foreclosure sales across
the country temporarily cooled, due to the robo-
signer servicers scandal last fall, that continues
to restrain the release of foreclosed homes to
the market. Year-over-year median sales price
for distressed condo and 1 family sales fell 7.8%
and 13.8% respectively.
In contrast, the non-distressed condo and single
family markets experienced an uptick in housing
prices, and a corresponding gain in market share
compared to the prior quarter. The year-over-
year change in non-distressed median sales
price was up 6% for condos and up 9.3% for
1 family sales. The relationship between the
Overall housing prices were mixed in comparison
with the same period last year. Median sales
price fell 6.6% to $162,500 from $174,000 in
the same period last year. Over the same period
average price per square foot showed no change
at $225 and average sales price increased 2%
to $339,261.
However, the Miami housing market over the past
year was best characterized by a widening gap in
the performance non-distressed and distressed
sales. The market share of distressed sales,
comprised of foreclosures and short sales rose
over the past year reaching 64.7% in the first
quarter, but fell to 53.9% in the second quarter
average size of non-distressed and distressed
sales remained consistent over the past year.
The average square footage of non-distressed
condo and 1 family sales were 34.4% and 36%
larger, respectively, than their distressed sale
counterparts in the second quarter.
With the increase in sales activity, the average
listing discountthe percentage difference
between the list price at time of contract and the
contract pricewas 9.4%, down from 11.4% in
the prior year quarter. Days on market showed
a similar pattern, declining by one week to 68
days, from 75 days over the same period.
The Douglas Elliman Report series is recognized as the industry standard for providing
the state of the residential real estate market. The report includes an extensive suite of
tools to help readers objectively identify and measure market trends, provide historical
context to current information and provide comprehensive analysis of the results.
Prepared by Miller Samuel Inc.
Appraisal and Consulting Services
2Q-2011
quarterly survey of coastal community sales
MiaMi Flori da
MiaMi MiaMi Market Matrix 2Q2011 %Chg (qtr) 1Q2011 %Chg (yr) 2Q2010
Average Sales Price $339,261 30% $260,918 2% $332,705
Average Price per Sq Ft $225 21.6% $185 0% $225
Median Sales Price $162,500 16.1% $140,000 -6.6% $174,000
Number of Sales (Closed) 5,577 9.3% 5,101 13.5% 4,913
Days on Market (From Last List Date) 68 3% 66 -9.3% 75
Listing Discount (From Last List Price) 9.4% 8.3% 11.4%
Listing Inventory (active) 16,281 12,366 N/A
Absorption Rate (mos) 8.8 7.3 N/A
QUARTERLYAVERAGE SALES PRICE MIAMI
CONDOS
NUMBEROFSALES
MEDIAN SALES PRICE NO OFSALES
0
1,000
2,000
3,000
4,000
5,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
2Q 11 1Q 11 4Q 10 3Q 10 2Q 10
I lAMlL
MEDIAN SALES PRICE NO OFSALES
1,600
1,700
1,800
1,900
2,000
2,100
$150,000
$170,000
$190,000
$210,000
$230,000
$250,000
2Q 11 1Q 11 4Q 10 3Q 10 2Q 10
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
11 10 09 08 07 06
NON- lSTLSSL - CONOS
MEDIAN SALES PRICE NO OFSALES
0
400
800
1,200
1,600
2,000
$210,000
$230,000
$250,000
$270,000
$290,000
$310,000
2Q 11 1Q 11 4Q 10 3Q 10 2Q 10
NON- lSTLSSL - I lAMlL
MEDIAN SALES PRICE NO OFSALES
0
200
400
600
800
1,000
$250000
$270000
$290000
$310000
$330000
$350000
2Q 11 1Q 11 4Q 10 3Q 10 2Q 10
lSTLSSL - CONOS
MEDIAN SALES PRICE NO OFSALES
0
500
1,000
1,500
2,000
2,500
$70,000
$80,000
$90,000
$100,000
$110,000
$120,000
2Q 11 1Q 11 4Q 10 3Q 10 2Q 10
lSTLSSL - I lAMlL
MEDIAN SALES PRICE NO OFSALES
0
300
600
900
1,200
1,500
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
2Q 11 1Q 11 4Q 10 3Q 10 2Q 10
MIAMI 2Q 2011 REPORT BACKGROUND
On the Forefront
JULY 2011
Key West living in Miami Beach! This beautifully renovat-
ed 1937 home and separate guest house offers up to 6
beds/3.5 baths, in 3400+ sq. ft. The main house features a
chefs kitchen, Florida room, and master suite with balcony.
Accompanying guest house has a fexible layout. Property
also features a pool, generator, and impact windows.
MLS #M1490933 Offered at $1,395,000.
SCOTT VOELKER
305.733.0988 | svoelker@ellimanforida.com
510 W. 31ST ST., MIAMI BEACH
This spectacular Morningside estate is like nothing else on
the market. On well over a half-acre, the 4 bed/2.5 bath,
1922 Spanish revival features a stunning main-house, unique
three-room guest cottage/cabana, and a heated pool/spa.
The home offers an eat-in kitchen, full dining room, charming
Florida room, and a manicured tropical landscaping.
MLS #M1489704 Offered at $1,295,000.
JAMIE GOFF
305.978.5622 | jgoff@ellimanforida.com
5960 N. BAYSHORE DR., MIAMI
Enjoy unobstructed downtown and direct bay views from this
fully-upgraded and professionally decorated 2 bed/2 bath.
The residence offers a chefs kitchen, contemporary high
ceilings, and a spacious layout. Ideally located just minutes
to South Beach, downtown and the airport, the building fea-
tures 24-hour security, tennis courts, and swimming pools.
MLS #M1492991 Offered at $1,095,000.
CHRISTIAN KAWAS
305.608.6681 | ckawas@ellimanforida.com
1000 VENETIAN WAY, #604, MIAMI BEACH
FEATURED LISTING | MIAMI MARKET REPORT | JULY EXCLUSIVES | IN THE SPOTLIGHT
This 7,800 sq. ft. Mediterranean estate located on Costanera
Rd. in Cocoplum boasts marble foors, a stone freplace, Lu-
tron lighting, chefs kitchen, library/home offce, and sound
system. Bedrooms offer large private baths. 227 ft. of wa-
ter frontage and 42 dock make it ideal for boaters. Service
quarters, 2 car garage and porte-cochere parking.
MLS #A1523609 Offered at $3,950,000
JORGE SANCHEZ
305.970.7681 | jsanchez@ellimanforida.com
200 COSTANERA RD., CORAL GABLES
On the Forefront
JULY 2011
Just north of Sunny Isles Beach, Golden Beach offers an ex-
traordinary opportunity for oceanfront living in a sought-after
residential community. Situated on 53,300 sq. ft., with ap-
proximately 225 ft. of direct water frontage, the 2 lots (sold
as one) offer a unique and rare opportunity to build your own
waterfront home - or homes - in South Florida.
MLS #M1440866 Offered at 13.5 million.
PETER BELMONTE
305.335.1981 | pbelmonte@ellimanforida.com
135-145 OCEAN BLVD., GOLDEN BEACH
This amazing 03 line in the Murano Grande offers unsur-
passed views. The 3 bed/3.5 bath residence features 2 ter-
races, open living and dining rooms, top-of-the-line kitchen
appliances, and great building amenities including security, a
spa, gym, pool, cafe, and more. Walk to the beach, restau-
rants, Publix and shopping. Fantastic South of Fifth location.
MLS #M1511134 Offered at $2,500,000.
IVAN HERNANDEZ
305.490.0028 | ihernandez@ellimanforida.com
400 ALTON RD. 03 LINE, MIAMI BEACH
This contemporary home on a one-way street leading to the
bay is surrounded by lush vegetation, with 2 stories overlook-
ing a 7-acre garden. Completely renovated, it features Ipe
decking, teak fooring, a theater room, stainless steel kitchen,
and riparian rights to the bay (water access), as well as a
Jacuzzi, endless pool system, and smart house wiring.
MLS #A1516268 Offered at $799,000.
LESLIE COOPER
305.695.6017 | lcooper@ellimanforida.com
3655 N. BAYHOMES DR., COCONUT GROVE
FEATURED LISTING | MIAMI MARKET REPORT | JULY EXCLUSIVES | IN THE SPOTLIGHT
This breathtaking oceanfront 4 bed/4 bath residence offers
nearly 4,000 sq. ft. of living area with ocean, city and bay
views. A fow-through foor plan features a spacious living
room, den, formal dining room, and eat-in kitchen. Enjoy all
of the Bath Clubs 5-star amenities: 24-hr concierge/valet,
a spa, gym, 2 tennis courts and beach/pool-side services.
MLS #M1505942 Offered at $13,000 per month.
JAMIE GOFF
305.978.5622 | jgoff@ellimanforida.com
5959 COLLINS AVE. #1705, MIAMI BEACH
On the Forefront
JULY 2011
All information regarding a property for sale, rental or fnancing is from sources deemed reliable. No representa-
tion is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental,
commission, prior sale, lease or fnancing, or withdrawal without notice. All square footage and dimensions are
approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
CULTURAL DIGEST
MIAMIS RENAISSANCE
Initially inspired by the international success of Art Basel
Miami Beach and opening of the Adrienne Arsht Center for
the Performing Arts, Miami has been experiencing a cultural
renaissance of late! This past seasons debut of the Frank
Gehry-designed New World Symphony, the development of
downtowns $275 million Miami Science Museum, and grand
opening of Herzog & de Meurons acclaimed 11 11 Lincoln
Road awarded Travel & Leisures Design Award for Best
Mixed Use Venue and home to Elliman Floridas penthouse
headquarters have put Miami on the map as a world-class
cultural destination where art, science, music, and architec-
ture abound.
FOLLOW US ON FACEBOOK.COM/ELLIMANFLORIDA AND TWITTER.COM/ELLIMANFLORIDA
A MILLION AND CHANGE
16001 COLLINS AVENUE, #3604
For the price of a Manhattan 1 bedroom co-op, this com-
pletely furnished, 3 bed/3.5 bath offers unsurpassed direct
ocean and city views in Sunny Isles prestigious Trump Tower
1. Ready for move-in, the stunning 2,327 sq. ft. residence
features soaring 11 ceilings and is completely fnished with
superb upgrades. The most coveted line in the building!
MLS #M1389561 Offered at $1,300,000 exclusively through
Dean Bloch 917.848.9485 or dbloch@ellimanforida.com.
FEATURED AGENT
BECKY ADKINS
In her 16+ years as an agent, Becky Adkins has earned a rep-
utation for superior customer service and thorough attention
to detail, securing homes for some of Miamis most success-
ful entrepreneurs, celebrities and athletes. Though primarily a
buyers agent and expert in the high-end single-family home
market, Becky is intimately familiar with Miamis most notable
luxury condominiums, including The Setai and the Apogee,
where she recently closed a $4.9 million sale for a 3 bed-
room/3.5 bath. Becky can be contacted at 305.710.1067 or
badkins@ellimanforida.com.
FEATURED LISTING | MIAMI MARKET REPORT | JULY EXCLUSIVES | IN THE SPOTLIGHT